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11/18/11

Spain to Vote for Cuts on Sunday as Polls See Conservative Rajoy Win - Angeline Benoit

Spaniards, already reeling from the austerity measures that followed the worst recession in 60 years, are poised to vote for more economic pain on Nov. 20.

Voters may hand the opposition People’s Party the largest majority any party has won since 1982, polls indicate. PP leader Mariano Rajoy has promised “restraint and rigor” to shrink the euro area’s third-largest deficit by about a third to 4.4 percent of gross domestic product next year.

“We have to put up with this so the situation improves,” said Goyi Bohoyo, a 61 year-old widow in Madrid whose pension is frozen as part of Socialist Prime Minister Jose Luis Zapatero’s May 2010 budget-cuts package. “We are used to worse austerity. Spain was much poorer before the democracy was born and we don’t want to go back by 40 years.”

For more: Spain to Vote for Cuts as Polls See Rajoy Win - Bloomberg

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